Gold (XAU/USD) slips to a near one-month low, pressured by a firmer US Dollar (USD) and mounting Oil-driven inflation concerns, as investors await clearer signals on stalled diplomatic efforts between the United States (US) and Iran to end the war. At the time of writing, XAU/USD is trading around $4,571, down roughly 2.37% on the day.
This Tuesday marks two months since the US and Israel launched attacks on Iran. While a ceasefire appears to be holding, there has been no meaningful progress toward a second round of peace talks. The United States is reviewing Iran’s latest proposal. Still, early signals suggest that US President Donald Trump and his national security team remain skeptical of Tehran’s offer, which leaves nuclear negotiations for a later stage.
With no near-term resolution in sight, risk sentiment remains fragile, keeping the US Dollar supported. A stronger Greenback…
